Richard Barfuss Acquires Retail Property In Wayne, NJ From March Associates For $2.1M
SOLD
$2,100,000
New Jersey
See Similar DealsRetail7,400 SF
Sold 12/17/2021
SOLD
Richard Barfuss Acquires Retail Property In Wayne, NJ From March Associates For $2.1M
1836 New Jersey Highway 23, Wayne, New Jersey 07470, United States
See Similar DealsRetail7,400 SF
Sold 12/17/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$283
Total Square Footage:7,400 SF
Transaction Type:Sale
A retail property located at 1836 NJ-23 N in Wayne, NJ, was recently sold for $2,100,000. The property spans a total area of 7,400 square feet, resulting in a price per square foot of $284. The transaction took place on December 17, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 1836 NJ-23 N, Wayne, NJ
- Market: Wayne, NJ
The buyer of the property was Richard Barfuss, while the seller was March Associates. Mario Brunelli from RJBCO served as the broker in the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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